Margaret Thatcher on the Gap Between Rich and Poor

I’ve always wondered why liberals were fascinated with the gap between rich and poor as a measure of prosperity. On its face, such a measure is nothing more than comparing apples to oranges. Every logical person knows that a more accurate method of measuring prosperity within an income bracket is to compare that income bracket’s situation at a point in the past with that same income bracket’s situation in the present. Focusing on what someone else has says nothing of one’s own situation. Margaret Thatcher always knew that.

In this clip from the end of her tenure as Prime Minister, Thatcher points out the folly of the left’s obsession with the gap between rich and poor and what that concern reveals about the left’s warped priorities.